EURNZD / 1D
Hello traders, welcome back to another market breakdown.
EURNZD is trading in a down trend. However, the monthly chart is in a bullish trend where the measured move pullback has been reached and the price had aggressive bulls buying, that can indicates a new trading range is under development which can lead to a major a trend reversal.
Bulls want a lower high followed with a surpise bar closing at their highs to signal more aggresive longs.
Checkout the chart to have an idea on what I'll be waiting for before going long for a long term setup.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakdown.
EURNZD is trading in a down trend. However, the monthly chart is in a bullish trend where the measured move pullback has been reached and the price had aggressive bulls buying, that can indicates a new trading range is under development which can lead to a major a trend reversal.
Bulls want a lower high followed with a surpise bar closing at their highs to signal more aggresive longs.
Checkout the chart to have an idea on what I'll be waiting for before going long for a long term setup.
Trade safe,
Trader Leo.
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Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap
